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Andrew C. Teich, a director at Resideo Technologies, Inc. (NYSE:REZI), recently purchased 18,154 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired on February 26 at a weighted average price of $19.29, for a total transaction value of $350,159. The timing of this purchase is notable, as InvestingPro analysis indicates the stock is currently trading below its Fair Value, with the company maintaining strong liquidity metrics and a healthy current ratio of 1.77.
The purchase was executed in multiple transactions at prices ranging from $19.25 to $19.32 per share. Following this acquisition, Teich holds a total of 239,768 shares in Resideo Technologies. This move underscores Teich’s continued investment in the company, which operates in the wholesale hardware industry. With a market capitalization of $2.8 billion and an EBITDA of $746 million in the last twelve months, Resideo demonstrates solid fundamentals. InvestingPro subscribers can access 10+ additional exclusive insights about REZI’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Resideo Technologies, Inc. announced the upcoming departure of its Senior Vice President and Chief Accounting Officer, Tina Beskid, effective March 14, 2025. This change in leadership was disclosed in a filing with the Securities and Exchange Commission, where it was noted that Beskid’s departure qualifies her for severance benefits under the company’s Severance Plan for Designated Officers. Resideo has not yet announced a successor or any further changes to its executive team. Additionally, Resideo has successfully amended its senior secured term loan conditions, as detailed in a recent 8-K filing with the SEC. The amendment includes a reduction in interest rate margins by 25 basis points for its existing term B loans, which could potentially decrease the company’s cost of capital. This financial restructuring also reinstates call protection, applying a 1.00% prepayment premium for certain transactions within six months of the amendment date. These developments reflect Resideo’s strategic efforts to optimize its financial structure amidst ongoing economic challenges.
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